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Property profile & analytics
OFF-MARKET
Land

0 Hampton Rd & Ovilla Rd Glenn Heights, TX 75154

9 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 9-acre commercial land parcel presents a unique investment opportunity in the thriving Glenn Heights, Texas market. Located at the southeast corner of S. Hampton Road and Ovilla Road, this property benefits from its strategic position within Ellis County, situated between the rapidly expanding cities of Red Oak, Ovilla, and Oak Leaf. The site is ideally zoned for retail development, offering significant potential for a variety of commercial uses. Ovilla Road is undergoing a major expansion to a six-lane divided highway, dramatically increasing visibility and accessibility. Furthermore, there's potential for the re-alignment of S. Hampton Road to create a highly desirable northeast hard corner. The land is priced competitively at $6.00 per square foot and is available for sale as a whole or potentially divisible to accommodate various development plans. This prime location, coupled with the ongoing infrastructure improvements and the area's robust growth trajectory, makes this a compelling investment prospect for discerning buyers seeking high-return potential in a dynamic Texas market. The property's 75154 zip code further underscores its convenient location and access to key transportation routes. This is a rare chance to acquire a significant land holding in a rapidly developing area poised for substantial future appreciation.

Property profile
Verified
Property type Land
Lot 9 ac (392,040 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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